MSMEs are largest job provider : Gadkari

MSMEs are largest job provider : Gadkari

Agency News

New Delhi, Jun 24: Micro, Small and Medium Enterprises are the largest provider of employment after agriculture and the Government is striving to increase its numbers across the country on a sustainable basis through implementation of various schemes and programmes, the Rajya Sabha was informed on Monday.

Union Minister for Micro, Small and Medium Enterprises Nitin Gadkari said in a written reply that as per the 73rd round of National Sample Survey (NSS), the estimated number of workers in unincorporated non-agriculture MSMEs in the country are 11.10 crore.

Under the Prime Minister’s Employment Generation Programme (PMEGP,) the estimated employment generated (number of persons) in micro enterprises during the years 2014-15, 2015-16, 2016-17, 2017-18 and 2018-19 are 3.58 lakhs, 3.23 lakhs, 4.08 lakhs, 3.87 lakhs and 5.87 lakhs, respectively.

In another query, the Minister said the number of MSME industries have increased in the country on a sustainable basis through implementation of various schemes and programmes.

He said the Ministry provides better credit facility, technology upgradation and skilling to boost the entire MSME eco-system.

A total of 5.45 lakh micro enterprises have been assisted with a margin money subsidy of Rs 12074.04 crore, providing employment opportunities to an estimated 45.22 lakh persons since PMEGP’s inception till March 31, 2019.

Another scheme of fund for regeneration of traditional industries is a cluster-based scheme for development of khadi, village industries and coir clusters by providing them with improved equipment, common facilities centers, business development services, training, capacity building and design and marketing support. The scheme has been revamped in 2015 and a total of 34,791 artisans have benefitted with an assistance of Rs 143.15 crore during 2018-19.

The Minister said other schemes are Promotion of Innovation, Rural Industry and Entrepreneurship, Coir Board, Credit Guarantee Scheme for Micro and Small Enterprises, Credit linked Capital Subsidy Scheme, and the Micro & Small Enterprises-Cluster Development Programme. (UNI)